the results and solve so many of the problems that the american people have been facing in an obama economy under the obama administration. so thank you all very much. >> more now on the primary defeat of house majority leader eric cantor and some of the other issues that were front and center on capitol hill past week. from "washington journal." id >> i wanten to direct the answer to -- george h. w. bush making his way to the persian golf. can you explain? >> no question about it, whens. you look at ukraine, syria, afghanistan, they're just lot of foreign policy complications for the president that don't have any solutions. you keep hearing that up. see a political debate over and over again. the democrats in the middle of l this midterm run and the president again having to deal with something that doesn't havt a clear solution. the other complicating fact is a distrust. this is one the key factor the.i i read the "new york times" story about many of the people who fled and decided to go back. because they felt like the isis group in there that was better and the marine. you realize, you

the results and solve so many of the problems that the american people have been facing in an obama economynder the obama administration. so thank you all very much.

six years of the obama economy and obama regulations and obama taxes have not helped the economy.his yearquarter of of 2014, there was actually a shrinkage of the u.s. economy. that has not happened for a number of years. the administration says it is supposed to grow by and the economy actually shrank and it is because of the policies of this administration. cost ofbecause of the the health care law and the cost of these regulations affecting energy, it is a one-two punch for an economy that is already on the ropes. ofwe're within six months the election. what are the chances that the republicans when the senate -- win the senate? >> too much to tell. there are many more forces in might have thought six months ago. the opportunities are therefore a very good here year, but you're talking six-month out. we would have to pick up a net of extended the -- of six senate seats. we have real opportunities, and there are a number of states where the candidates that we have been able to recruit have gone through the primaries and are doing very well. do winhe republicans back the senate w

says the bill does not deal with college costs and does not address what he in thehe lack of jobs obama economy. is this bill dead on arrival in the u.s. senate? >> without question. onk, there will be a debate this. democrats will be happy to take us to the floor and have this debate, but as you heard from a frustrated president, there is no path forward in a democratically controlled senate, let alone the house, where republicans stand is -- look, there is nothing here they find acceptable. raising taxes on high income individuals is something they will never go along with, as you have heard the president alluded to. what they believe right now is that the administration could put better jobs in place for younger individuals coming out of college, that that would make this issue if not go away, easier to deal with. nosimple solution there, proposals on the table from republicans. in terms of senator warns bill? dead on arrival, no question. >> our white house correspondent, phil mattingly, janet horn, both joining me this afternoon. coming up, global wealth surpassed expectations last year. w

one in 3, 18 or 34-year-olds are living at home as a result of the obama economy.what the president is doing with the executive order. he's not creating jobs and lowering college tuitition for the college students. what he is doing not addressing that fact that his administration created an endless war on young people. that is done through the economic policy the >> the president doesn't own aefr advance in college tuitition. under the multiple administration, republican and democrat, college tuitition went up more than 150 percent. that is a trend regardless of the administration. in response to jobs. this will not help create jobs and help repay the debts and help the young people as well? >> ashley is trying to put a chicken in an egg that doesn't make accepts. we have to have a work force that competes in a 21st century global combhe economy. without that the u.s. prowess is out of the window. and we'll not be the leading nation and technologically invested. the president is welcomed for the congressional support. but the other side of the aisle is rather put t

the results and solve so many of the problems that the american people have been facing in an obama economynder the obama administration. so thank you all very much. >> there you have it. representative eric cantor, the majority leader in the house in the news conference. where he answered a number of questions. i'm going to get to david shuster in a moment. david, you were listening to the news conference as i was, and part of this is putting the best face on a bad personal situation, a bad professional situation, a shocking loss. an unprecedented loss. >> he said repeatedly i'm going to leave the political analysis. i think he'll regret having not spent more time in his election. did he a better job of articulating the conservative republican view and what he stood for than a lot of people said his campaign did in recent weeks. it's a challenge of you overlooked your local race and then it's only after the fact when you say things perhaps you should have said several weeks ago. >> the tone that you heard from eric cantor you would think that the two sides of the aisle were able to work to

rafi williams said the statement due to the obama economy millenials are stuck at home with their parents find work. the plan also includes a renegotiation of contracts of companies that service federal loans giving them financial incentives to help borrowers with their dell lynn when see. they are getting on top of more than 100 billion for private loans not federally guaranteed. the new law wouldn't go into effect until later this year. >>> thanks so much, lauren. >> stocks in basketball. miami heat bouncing back to one game loss the finals are at one game a piece. lebron james making a powerful come back after cramps knocked him out in game one. he led the heat to a 96-98 victory against the spurs. game three ends in miami tomorrow. >> looking for a quick pick me up. you won't need to run into a coffee shop any more. now delivering five gallon kegs filled with iced coffee to local businesses. two brothers they started this. joy ride coffee back in 2010. it has been there from 5-15 employees and doubled the delivery fleet. >> 46 minutes after the top of the hour. >> i bet you have never

the results and solve so many of the problems that the american people have been facing in an obama economy the obama administration. so thank you all very much. >> you think you might run again in two years? >> all right. eric cantor, is he still with us? he is. congressman, i know we have very limited time here. i apologize for that. what do you think of this? what do you think of the message it is for the republicans? >> oh, i think, you know, we all felt badly that eric lost. it was a big shock to all of us. something we hadn't seeven thought about, but the conference is strong, resilient. i think it's going to be a great republican year. that's just a sad thing for eric and his family right now, and it's a loss to the conference, but we'll move forward. we have lots of great leaders and we'll elect new ones and we'll move forward. >> congressman, as he stated, he said this is local to this district. don't make some national statement over it? >> we have 435 house races across the country. i think what really happened here, in my little time that i've spent here, what -- how i have obse

the results and solve so many of the problems that the american people have been facing in an obama economyation. so thank you all very much. >>. >> that was house majority leader eric contact tore putting on the brave face after a humiliating defeat last night in the virginia 7th district primaries. still with many are former rnc chairman michael steele and daily politics daily beast contributor patricia murphy. i feel that we're seeing a republican spin, that the party is as strong as they have been and things are going to be just fine. did you buy it? >> no. and it's called closing ranks. what i took particular note of was cantor saying that, you know, should kevin mccarthy decide to run for majority leader, he will have my full support, which is d.c. speak for where the establishment are closing ranks around someone that they want to move this agenda forward, they're setting their sights on him. i don't know if that's going to set very well with the tea party caucus and those like hensarling who want to have an open and honest attempt at this leadership post. there's more drama to come

the results and solve so many of the problems that the american people have been facing in an obama economythe obama administration. so thank you all very much. >> you think you might run again in two years? >> house majority leader eric cantor, talking about his unprecedented loss in his primary last night to a tea party professor. we'll take a quick break and then back with more analysis then back with more analysis right after this. ♪ ♪ ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back to "the lead," y'all. i'm jake tapper following breaking political news. we just heard house majority leader eric cantor announce plans to step down. after an historic primary loss to david brat, all but unknown tea party challenge somewhere professor of economics at randolph macon university, let's bring back our political panel, jenny beth martin and ross douthat, cnn political commentator. jenny beth, congressman cantor said that the differences between republicans are relatively small compared to what separates r

. >>> despite the gop's best efforts the obama economy, hey, looking pretty good.esponse panel weighs in. >>> plus the epa's plan to reduce coal plant regulations are a huge step for combatting climate change. what president obama's next move should be. next, taking your requests, ask ed live ahead. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. i'm j-e-f-f and i have copd. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way of hosting my book club. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not

frankly have a real check and balance on the kinds of things making it so tough for people under the obama economy. >> what's next for you? i know it's soon. any chance you would run for governor of virginia? >> i tell you, i am right now looking forward to sitting down with my wife, diana, and we talked a little bit. we're going to talk some more about the future. >> you're not done with politics? >> you know, i'm not ready to close out any options right now. i just think right now there's a lot of opportunity. i've been very gratified by the people who have already called and said, hey, what are you doing? and i know that in my almost -- i think 23 years of public service now between the virginia house and the house up here, there are ways to serve, not just in public office. and i'm looking forward to engaging in those kinds of things and to continue on the mission of reformed conservatism the way that we have here that actually helps people by applying our conservative solutions. >> mr. leader, happy father's day. thank you for coming in. >> thank you. >> so, gloria, i tried to get him off his

one thing about the obama economy.e've seen this one before, where you have a blip up in gdp you have a blip up in consumer confidence. and then you get a blip down and really have very, very little economic growth. melissa: all nets out to just standing still. that's right. >> charlie, may i point something out? melissa: yeah. >> here is the thing, charlie. with the first quarter we got, would have to go to 3.7% for every quarter rest of the year to hit 2% for the year. >> okay. >> never seen that in this presidency. melissa: veronica, on horizon we have specter of potential inflation. james bullard on fox here earlier this week, saying it will be hotter than we thought. consumers going to the store feel it is hotter every day. is that a real threat, inflation? >> it is. go to the grocery store, things cost more than they did a couple months ago. i think that is a real issue. look at personal spending numbers we got for may. if you adjust for inflation, those numbers actually went down. between that and people's fears

the people who have been hurt the most by the obama economy are the most vulnerable among us, the youngpanics, african americans, single moms. a few weeks ago i was in nebraska, a single mom came up to rally in nebraska, she hugged my neck, she said, i have six kids at home, my husband left me, my husband isn't paying child support. i'm working five jobs. because of obamacare. i'm having a hard time even putting food on my table. i never see my kids. what we're doing isn't working. those are the people that we need to fight for. so americans can have a chance at the american dream again. >> we just heard a preview of the speech. come back when you're ready to make the official announcement. senator cruz, thanks very much. >> thank you, george. >>> coming up in two minutes. the va chief steps down. we'll debate that with the powerhouse roundtable. >>> first, our big winners of the week. first, mike hondfused all deb. now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress fo

because opportunities are few and far between in the obama economy. instead of promoting policies to create jobs, too often the president has proposed policies that kill jobs. the nonpartisan congressional budget office has reported that obamacare will cost two and a half million full time workers to leave the workforce. 2.6 million americans earning less than $30,000 are in danger of having their hours and wages cut thanks to obamacare's 30-plus hour workweek rule. 63% of those workers are women. the president and his party have also pushed hard for a minimum-wage hike the congressional budget office said would destroy up to a million jobs. low-income americans would be hit the hardest by that. then there's the president's national energy tax. in addition to raising energy bills for all americans, the president's energy tax resulted in the loss of tens of thousands, if not hundreds of thousands of jobs. the rule would gut the coal industry, putting tens of thousands of workers out of work there. it's difficult to reconcile the president's ostensible

you know the people hurting the most under the obama economy, they're young people, hispanics, african-americans, single moms. it was striking in the whole course of secretary clinton's interview, she didn't talk at all that i could see about the economy -- >> to be fair, she wasn't really asked about that. i think that's important to say that. you're right, it didn't really come up, but she wasn't asked. >> what i can tell you -- >> i want to ask you about you. you have spawned a whole group of people that people say this is the next ted cruz. some of those people are being flattering of you, some are saying that in a very derogatory way. but some are frustrated including highly respected members of your own party. you know what i'm talking about, they say you're hurting the party, hurting the country. here's lindsey graham who just won his party against the tea party challenger talking about you during the shutdown. >> i think the tactical choice that he embraced hurt our party. we helped president obama when he needed our help the most. after this debacle called a shutdown our party's been hu

president, young people in particular are suffering in the obama economy. the current unemployment rate for those 16-24 years old is 13.2%, more than twice the national average. unemployment among those 16-34 years old is 9.2%, significantly higher than the overall unemployment rate of 6.3%. nationally, 6.1 million 18-24 year olds is living below the poverty line. it's no wonder that cnn/"money" reports that 16-24-year-olds are unlikely to feel the american dream is attainable with 63% saying it is impossible. what young people really need is is not a government subsidy but being a senio access to jobs, good-paying, full-time jobs with the opportunity for advancement. but these jobs are few and far between. while young people may be having the hardest time finding jobs, no one in the obama is doing well. almost a third of the unemployment americans have been unemployed for six months or longer. since the president took office, the average length of unemployment has increased from 19.8 weeks to 34.5 weeks. approximately 14 million americans have been forced

the number in immigration is going down because obama's economy is such a screw up.ng, maybe it's not such a great place to be anymore. >> it's a real crisis. look at these kids on top of trains writ lalry risking their lives coming without parents. >> sean, this reiterates the point we've been making for a long time and that is that open borders are inhumane borders. if they know they can get through the border by themselves, these are kids, they aren't drug cartels, coming across and turning themselves in. that's because we have an open border and we don't have enforcement there. talking to the patrols there, they're upset because they signed up to patrol the border, not to baby sit. >> that's what joe said on that program last week. that we literally, our border agents are taking care of kids in day care centers. >> it's not their job. >> it's not their job. >> we do have what the president claims a humanitarian crisis, but the fact is if we want to help people all over the world, not just in central america, what we can do is get our economy roaring back on track

it's not hard to find obama saying the economy is improving. it's been a bad quarter. revised, terrible quarter. had some good quarters. i just don't buy the notion -- if you listen that the economy is crashing. it's not crashing. it doesn't -- it doesn't make me wake up and get scared like garrett. >> in terms of the communication the president has a little bit of a problem on a lot of sound saying the economy is getting better. however, it doesn't necessarily bear true with numbers. if you're advising him how do you tell him to handle this so he still has credibility with the american people and at the same time is able to perhaps pump up confidence. >> one of the things i would try to do is provide logic. they will say last year companies built up their inventories over the winter which was a difficult winter and also drawing down on inventories, therefore, that actually that message while it might be true does not penetrate to people who think that important number, does the president care about the things i care about. is the president able to lead the country. th

for president -- what challenges would a democratic candidate for president face running on the obama economy? >> well, first of all, that's not what anybody should do. you should run on making it better. but he didn't cause the meltdown. the actions that his administration took kept it from being worse. and there had been a concerted effort to stop implementing his economic plan in the second term so none of you have any idea whether it would have worked or not. >> but you don't lay this at speaker boehner, at the republicans uniquely, do you? do you really think it's their opposition to the president that has forced him to have such impediments to get the economy growing again? >> no. we do have -- keep in mind, the average crash takes ten years to get over, has always. we got the jobs back in about six years. we now got to get the incomes up. i believe -- let me just put it this way, i believe if the two branches had been working smoothly together and taking advantage of this time when interest rates were lower than inflation to cut long-term spending liabilities, but invest now in modern

that is the obama economy. we will deal with it. the arab way biter suspended.e will probably miss liverpool. that is the premier team he plays for in new england. we have about 50 odd minutes. team usa plays germany. advancing into the second round. crowds gathering. excitement from coast to coast. you are looking at these three. she has gone off on and out rages rant about soccer. "any growing interest in soccer can only be a sign of moral decay. athletic talent find so little expression that girls can play with boys". she knows how to get a headline. this is what it is all about today. [cheering] when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more par

president, after five and a half years in the obama economy, americans are struggling, struggling to pay for health care, college tuition, for food, and for gas, and they're wondering where the promised recovery is. and how long they're going to have to live paycheck to paycheck, flag the praying thatn avoid unexpected bills. too many of them are wondering if they'll ever be able to find a job to replaits one they lost. others are wondering if they'll ever find the better-paying job that they've been waiting for. now the president is prepared to hike electricity prices for everyone of these americans -- every one of these americans. worst, he's prepared to eliminate thousands of their jobs. and for what? for a significant reduction in global carbon dioxide concentration levels? no. he's prepared to damage their budgets and destroy their jobs just so he can appear to be doing something about global warming. he's willing to overlook the economic havoc these regulations will create as long as his extreme environmental base isen co tent. mr. president, news reports have suggested that th

more liberty can produce results and solve problems of the american people have been facing in an obama economy under the obama administration. thank you all very much. >> to think you may run again? -- do you think you may run again in two years? [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> eric cantor announcing his resignation as majority leader effective july 31. there'll be an election june 19 covering this. us, why did the majority leader make this announcement so shortly after his defeat? >> the jockeying to replace and had begun within hours of his loss on tuesday night. there was a feeling of let's not drag this out. let's move on wakeling. -- quickly. they knew he would be stepping down after november since he would not be coming back to congress. i think there was a desire to move onto a new leadership team. there was a surprise on how quickly the election is going to be held. in just a week. there is a fear among some of the republicans that a drawnout election into july would allow outside conservative groups to

produce the results and solve so many of the problems that the america people have been facing in an obama economy under the obama administration. so thank you all very much. >> think you might run again in two years? >>> eric cantor speaking to reporters after the republican conference meeting this afternoon for a half an hour or 40 minutes or so. the majority leader announcing he will be stepping down as of july 31st. the reason, less than 24 hours ago eric cantor lost his primary bid for an eighth term representing the 7th district in virginia in what is common will being accepted as a stunning upset. dave brat supported by the tea party and others defeating cantor by more than ten points yesterday in that primary in virginia. we're going to open up our phone lines and hear what you have to think about the resignation of eric cantor as majority leader. he'll serve out his term apparently but step down as majority leader. a and he's leaving the meeting here. for republicans call 202-585-3885, democrats, 202-585-3886. it caps the, again, less than 24-hour period where eric cantor has been defeate

in the obama economy, the future is is less secure. household becomes have dropped by $3,500 under the president's watch. wages have remained flat and economic growth has been tepid, at best. middle-class families are no longer looking forward to a future of economic security. instead, they are praying that they don't get hit with any unexpected bills. they're worrying that they won't be able to send their kids to college p. and they're wondering just how long they'll have to work past retirement to have the economic security they need. in a previous world, low-income families could smect that hard work could bring them into the ranks of the middle class. how many of our parents started out lisk o living on a shoestrit ended up sending their kids to college and retiring comfortab comfortably? 14 million more americans are on food stamps today than when the president took office. policies like the obamacare 30-hour workweek are hitting americans the hardest. and many jobs lost during the recession are not being replaced. just 56% of the

the results and solve so many of the problems that the american people have been facing in an obama economy under the obama administration. so thank you all very much. >> think you might run again in two years? >> house majority leader eric cantor from within the hour announcing that he's st. petersburg down from that position effective july 31st because of the stunning upset really yesterday in the primary in the 7th district in virginia. he's held that seat for seven terms losing by 12 point to david brat yesterday. so the majority leader will step down on the 31st of july and the republicans in the house not wasting any time. they apparently will have leadership elections next thursday, the 19th. we're opening up our phone lines to get your thoughts on the resignation of eric cantor. republicans, 202-585-3885, democrats, 202. 585-3886. let's look at facebook.com slash c-span. comments from from joje who said he should have stepped down a long time ago. stephanie says, good riddance. glad to see his arrogance caught up with him. roy says now if we can get the rest of the sellouts out of c

can produce the results and solve somebody problems the american people have been facing in an obama economy under the obama administration. thank you all very much. \[captioning performed by national captioning institute] \[captions copyright national cable satellite corp. 2014] >> today on c-span, " washington journal" is next with your phone calls. then live coverage of the u.s. house. today tax bills and a measure to condemn the kidnapping of nigerian schoolgirls. in 45 minutes, we will talk with congressman peter welch about the 2014 political campaign season and the democratic legislative agenda. also, tony perkins. >> wi-lan sent to serve out my term as a member of congress and the southern district of virginia, effective, i will be stepping leader. it is with great humility that i do so knowing the tremendous honor it has been to hold this position. ♪ good morning on this thursday, june 12. house majority leader eric cantor after a shocking primary loss on thursday announced he will step down as majority leader it will not be on the ballot in november. what does this loss mean for th

the coin 54% disapproved. 55% say the obama administration made the country weaker and this is a financial program, 39% approve of the president's job on the economy. 50% disapprove. all of this very negative numbers for president obama. tomorrow we get the jobs number for the month of may. many jobs have been created but are low-paying jobs. listen to what joe biden said about it. >> we made sure no one got left behind. we didn't guarantee every new job would be a high-paying job. stuart: we didn't guarantee there would be new job would be a high-paying job. now he tells us. monica crowley is here, 30 seconds. >> this doesn't surprise me. a little burst of honesty from this administration about their economic and approach to job creation which has been nil for the last six years. look at those poll numbers, president obama is in the 30s not just on job approval but the economy, job creation, anything related to the economy, obama care, he is in the 30s. americans are finally waking up to this idea if. is a administration hasn't been interested in job creation. they have been fundamentally interested in a fundamental transformation of the nation,

but he needs to hear from americans across the country that are desperate for work in the obama economy preaching to the choir is not going to get it done. now ironically enough, the president will be meeting with the same interests right after holding a pep rally with the senate democrats. the reliable anti-keystone backstop here in congress. the american people have already had to suffer through more than five years of delay and obfuscation on this pipeline. the bureaucrats and the experts have studied it to death over and over and over again. and every time that we learn basically the very same thing, that there is a turn of upside to building at keystone and minimal substantive downside. so it is time to end all of the politically motivated delay and get serious around here. it's time for democrats who claim to support these important jobs to stand up to the party bosses and stand by their constituents, not just talk about doing it. we await to the american people to get these keystone pipeline jobs approved. unfortunately, it seems increasingly clear that that will never happen und

kentucky families especially our coal families, continue to struggle under the obama economy. nd the senate democratic leadership's latest action is another example of the lengths they're willing to do to defendant the obama administration agenda, an agenda washington democrats are willing to protect at all costs even when supposedly pro-energy senate democrats try to make it new think otherwise. mr. president, on another matter entirely, historians will note that president obama's national security policy has been noteworthy for its adherence to consistent objectives. drawing down our conventional and nuclear forces, withdrawing from iraq and afghanistan, surrendering the tools necessary to fight the war on terror, and placing substantial trust, substantial trust, in international organizations and diplomacy. in short, he's displayed an inflexible commitment to policy positions that would erode america's standing in the world, completely erode our standing in the world, and he's refused to change course even as circumstances have changed. i, like many in the senate, profoundly

because five and a half years into the obama economy, americans are eager for some fresh thinking.they're tired of the same old big-government solutions that only make life harder and more complicated. and they're tired of a democratic controlled senate that won't allow a debate or a vote on any -- any -- of our better proposals. most of our constituents are thinking about long commutes, shrinking budgets and obscenely high tuition and health care bills. they think about how nice it would be to have some more flexibility at work. they're frustrated with a tax code that seems to punish their efforts to make a little bit more money for the family. and they're not getting anything from the white house but empty rhetoric and more of the same. so today republicans are reminding people there's another way. while democrats have been plotting on ways to hold onto their majority, we've been listening to the concerns and anxieties of our constituents and figuring out new, creative ways to address them. it's long past time we had a real debate in this country. instead of false choice, democra

economy. even though it would increase north american energy independence. and even though the obamatration has already admitted that constructing the pipeline would have almost zero -- zero -- significant impact on the environment. in other words, senate democratic leadership is constructing construction of the keystone pipeline for one main reason, to please their patrons on the far left. and let's be clear about something. the only reason they're able to get away with it is because so-called moderate democrats let them. the same so-called moderates who claim to have so much influence around here. the bottom line is that these so-called moderates can't have it both ways. they can't credibly claim to have influence on issues like these even as they let their party leaders shoot down almost every effort to achieve the things they claim to want, like keystone. frankly, it's hard to see how we could ever hope to get a keystone bill over to the president's desk and to sign into law while democrats run the senate, especially when the so-called moderates stand idly by as the president has

obama, saying that you know, the problems with bergdahl, that was a bad decision by the administration, problems throughout the region in the middle east are problems of the administration, problems with the economy are obama's problems, and even ascribing the discontent that brought down eric cantor as a result of barack obama's policies and the fact that people are being held back. so it didn't give us any insight into his view of where his party is going. but this understandably at a time that the republican party is facing some divisions, he was trying to cough those over and get a discussion onto a more unifying terrain. >> john harwood. and before we leave it, john harwood, because this is so important as to what the u.s. does or doesn't do in iraq right now, what do you think is happening in terms of a galvanization in washington right now? >> i would be very surprised, kelly, if the administration ends up ordering air strikes. this president has made a cardinal principle of his foreign policy that he was going to end that war, that we couldn't be there forever, we couldn't run what was happening in iraq, it was for the iraqis to decide, and it's getting ugly now. there's no question it's

economy. the establishment better be on notice. >> charlie mentioned barack obama. i think that republicans have failed to concoct an alternative to everything obama is doing, so anybody voting in the republican primary is not in favor of president obama. what are the republicans for? this is a failure of mainstream republican leadership. they have not articulated a growth vision, they are trying to whittle down the president's proposals. that is the role of the legislature. obama is so far out there, so radical on so many things that the republicans have been ineffective in doing anything really on their own. >> it looks like they're compromising. >> like obama light. >> the fox news poll, here's what it said, the condition of the economy, here's what americans said. 28% think we're in a recession, 38% say we're in a downturn and 30% think we're okay. that's how americans feel and everybody sees this, peter, but washington. the establishment that charlie mentioned. >> they are justified in feelings. since the beginning of the century the economy has grown at less t

and particularly in the obama economy, businesses are already pinned down by uncertainty and need allxibility they need to grow. this bill will spur our economy and spur greater investment by permanently giving small businesses organized as s corporations the ability to access capital without tax penalties. as noted at our committee hearing earlier this year, a permanent five-year built-in gains period would provide greater flexibility in the day-to-day operations of s corporations that have built-in gains assets in order to make new investments and create jobs. i urge support for h.r. 4453, the s corporation permanent tax relief act, so we can create america that works by fixing the tax code to provide permanent tax relief for small businesses. i yield back. the speaker pro tempore: the gentleman from washington reserves. the gentleman from michigan is recognized. mr. levin: i now yield three minutes to another member, distinguished member of our committee, mr. davis. the speaker pro tempore: the gentleman from illinois is recognized for two minutes. mr. davis: i thank the gentleman

all of these things that outlasted the boom economy of the clinton years. president obamareverse. what the economy has felt like to ordinary working people during barack obama's time has been rough. it has not been a walk in the park. the things he has produced to outlast the presidency will be looked back on as good piece of legislation. >> i think it is likely we will see missed opportunities on the economy. the president is focused on the economy from the acute crisis. there was on equality and things like intellectual property and infrastructure. >> the folks down in florida, the things you are organizing look that different under barack obama or george bush? >> they don't. a lot of the things he has come out and said about school discipline and boys and men of color which has been problematic. i think what he has been able to do is open the door for real organizing on the ground. >> organizing on these things like school and prison pipeline. >> absolutely. his words are going to lead to actions by us. we have to follow it up by action. there are mandates right now wit

same themes and same concerns, how are we going to move forward and how are we going to fix this obama economya environment that is toxic to a lot of people in west virginia because of his so-called war on coal. >> and that war is very real. obama has basically spilled into coal mining as we know it. coal is a use for energy. we're here in times square, it attracts people because of the lights. you take away coal, you're going to turn the lights out on america. we've got to stop the war on coal. >> a lot of people who are buying electric cars think oh, this is so good for the environment. the electricity comes from coal to run the car. >> absolutely. >> richard, what is the number one concern of the people of what would be your district in massachusetts? >> same as national, the fact that the economy is morbid. it isn't creating the type of jobs people need to raise a family. and around the country, a lot of part-time jobs, but not the type of middle class jobs that are needed. then in massachusetts we have obamacare and we had a system -- >> wait a minute, it was based on massachusetts care.

obama care. one said it is work other and the other say it is hurting our economy. >> and the notion that e-mails from the irs vanished makes no sense at all and they can prove it. >>> first a key suspect in the benghazi terrorist attack set to arrive on our shores. welcome to a now hour of happening now. i am jenna lee. >> and i am jon scott. >> antibiotic is being brought here aboard of the uss new york. now in a race to get more information from him two years after the attack in benghazi. abu khattala is the only suspect arrested in that assault. he will have his criminal case heard in our nation's capitol. kathryn is live in washington in the u.s. direct court. catherine? >> reporter: thank you, jon. the justice department is not commenting on the the timing of the a arrival of antibiotic except to say it is a nowed situation and the ultimate decision rests with the attorney general. this is representing a co milestone in the abu khattala case. he is described by fox news as the muscle on the ground in the benghazi terrorist attack. up to now he was held for questioning and gathering intellig

economy. president obama meets with other g-7 leaders in brussels. we will look at the growing number of female entrepreneurs. to our viewers here in united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. let's begin with breaking news on the latest snapshot from the federal reserve. bloomberg's washington correspondent peter cook has the details on the release of the latest beige book. good afternoon. >> a pretty upbeat picture of the u.s. economy in this latest a book. it was compiled by the new york federal reserve information 23rd.h may all 12 districts report economic activity expanded. seven report moderate growth. only kansas city reported growth slowing during the. consumer spending helping to drive that growth. especially car sales around the country. growth with aof mixed performance among non-auto retailers. risk growth in vehicle sales and moderate growth in tourism. sales did lag behind somewhat. words and picking up on the eastern seaboard. ser

economy. president obama meets with other g-7 leaders in brussels. the growing number of female entrepreneurs. to our viewers here in united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. let's begin with breaking news

right now president obama is heading to pittsburgh and will speak about the economy at the fimpl calledch shop. we'll have more on president obama's visit. >>> and the father richard martinez is speaking at the event in washington to demand action to end gun violence. >>> and the acting secretary of veterans affairs shown gibson visit a medical center to about the va wait list scandal. bill have you seen my keys anywhere? i'll help you look. maybe you left them in the bathroom again. it's just the strangest thing... the warning signs of alzheimer's disease, may be right in front of you. it's alright baby. for help and information, call the alzheimer's association or visit alz.org/10signs ♪ ♪ ♪ ben! well, that was close! you ain't lying! let quicken loans help you save your money. with a mortgage that's engineered to amaze! when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states,

. >> economy in america. has president obama done a good job there?n't care. >> for someone of my age, he has done a the love positive things regarding helping students pay off loans. >> has obama reduced your loan yet. >> not yet. >> economically, do you think the economy is good right now. >> i think the economy is kind of strange. >> strange? >> i met obama. i sent him a drink he. >> you did. >> i turned it down. months later i saw he has having a beer summit. what's that about? >> maybe he thought you were going to slip him a mickey. >> i'm not a fan of obamacare. >> i thought you were supposed to get a handout. >> that's what's wrong with this country. >> i'm just really high. >> coming from a recession, things are definitely moving forward and looking up. >> the economy actually shrank in the last quarter. [crickets chirping] >> i weep for the future. the president has been confronted by a lot of scandal. does that bother you? >> no. i ruled the world. >> what are you talking about? >> i think fox news makes up a lot of the scandals. >> which sc

you have to understand, the american people are being squeezed by obama's hol policies. the economy is not growing. incomes aren't growing. we're not creating enough jbs. >> this is hilarious. somehow condition tor's loss was president obama's fault? let's get real. cantor lost because of a civil war in the republican party. the tea party is rattling the gates, demanding power and making a play for cantor's leadership spot. that vote happens next week and behind the scenes, there's a battle. "time" magazine calls it a game of thrones. and a week later another public fight inside the party. the gop's ugly primary runoff in mississippi between senator thad cochran and radical tea party of chris mcdaniels. mcdaniels is the former radio host who warned he wouldn't pay taxes if there are reparations for salavery. that primary happens on the same day. colorado republicans choose their next candidate for governor, a race that features to guy. do you remember former gop congressman tom tancredo. his rhetoric made him infamous. these days he has a new target. >> the president of the united s

economy. last part of this is the regulatory zeal that has come from this administration. please, president obama, turn to your tokes folks and time to rethink this. how many more bad g.d.p. numbers do need? how many more misses on all the projections that the economy is getting better, oh, we are going still tter, oh, we are the same. regulatory overreach on things like waters of the u.s., so many other programs out there coming out of the bureaucracy are crushing the expansion of this economy. my closing pretty simple here. if you care about the future, have the conversation and be willing to open up your mind and understand the math, even though it's uncomfortable, that the mandatory spending is consuming everything in its path. and if we don't deal with that, at the same time, we don't do everything we can to grow this economy, absolutely vigorously, it could be a very dark day in the future. yet, i'm incredibly optimistic at if we embrace the new hyperefficient economy and the new renaissance and start to understand the regulatory crur ing that has been going on right in front of us, if we d

economy. >> president obama told reporters today that ukraine and energy "dominated our discussion over thedays." what do the u.s. and its allies need to do in order to ensure russia cannot use its oil and gas reserves as an economic weapon, particularly in light of the fact that the european union relies on russia for 30% of its natural gas? >> this is a big of a complex and two sided issue we read first and foremost, -- issue. first and foremost, the russians need to maintain their markets. just as much as their clients in the short run need to purchase from them. the discussion about energy security and reliance on russia is rather more a medium-term issue, one that the g-7 economies, governments, and others need to look for alternative means of supply. those exist, and in the medium-term, they should be successful in changing the mix of sourcing for energy. john lipsky, an former managing director of the imf. russia has set a deadline for june 10 for ukraine to start paying for gas in advance. what happens if ukraine misses the deadline? >> then there will be more negotiations. as has b

obama. we are making less. costs are going up. it is starting to feel like a french economy here. >> and with obamacare and expanding welfare state that is happening. >> what has always made us successful want to talk about how strong the economy is, what made us a strong economy is the fact that we are not like france. american exceptionalism means unlike every other country your life and business belongs to you. it is not government's role to tell you how to run your business. it is that individualism which has made us successful. the president talks about offering this and that and talking about bringing a gun into your workforce and making you act in a way you wouldn't otherwise act. >> i am saying we have social security, medicare, medicaid to help our elderly. >> they are all bankrupt entitlement programs. >> everyone is talking at once. >> these are functioning programs. >> let's take a look at median household income. we are almost double. gross domestic product per person in france is about $11,000 a year. president obama wants us to be more like france and will ban